Business News

A McKinsey & Co. partner who advised Goldman Sachs Group Inc. on its impending acquisition of GreenSky Inc. was charged with using inside information about the deal to make more than $450,000 from illegal trades. Puneet Dikshit, 40,…

The benchmark indices declined on Thursday, taking cues from global peers as US inflation data hit a 30-year high on Wednesday, amid volatility due to the weekly expiry of F&O contracts. The Sensex slipped below 60,000, closing at…

Sapphire Foods IPO subscription status: The initial public offering (IPO) of Sapphire Foods India, which operates KFC and Pizza Hut outlets, which was launched earlier this week got subscribed 6.62 times on the final day, according to the…

China’s biggest online shopping day, known as “Singles’ Day” on Nov. 11, is taking on a muted tone this year as regulators crack down on the technology industry and President Xi Jinping pushes for “common prosperity.” The Singles’ Day…

Kolkata, Nov 11 (UNI) A partial eclipse of the Moon will occur on November 19 next. From India, just after moonrise, ending of partial phase of the eclipse will be visible for a very short span of time from extreme north eastern parts of…

MUMBAI: Equity benchmark Sensex declined by 81 points on Wednesday due to losses in HDFC Bank, ICICI Bank and HUL amid a weak trend in global markets. The 30-share index ended 80.63 points or 0.13 per cent lower at 60,352.82. Similarly,…

CHENNAI: The India Cements Ltd on Wednesday said the cement-maker reported standalone profit for the quarter ending September 30, 2021 at Rs 21.97 crore. The city-based company registered a standalone profit at Rs 71.43 crore during the…

MUMBAI: India's only woman-led unicorn Nykaa made its market debut Wednesday, tripling founder Falguni Nayar's net worth and making her the country's newest self-made billionaire in an ongoing IPO boom. Nayar, 58, joined only six other…

New Delhi, NewsonRadar Bureau, Nov. 10: Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under Ministry of Power, GoI, has announced unaudited financial results for Q2FY22 ending 30th September 2021. The company…

MUMBAI: Stating that growth impulses and the fast-moving economic indicators are strong, Reserve Bank Governor Shaktikanta Das on Wednesday exuded confidence in the economy clipping at the projected 9.5 per cent growth this fiscal.…

Washington, Nov 11 (UNI/Sputnik) The US government has accused Uber of discriminating against disabled customers who need extra time to enter vehicles with so-called wait time fees, the Justice Department said in a lawsuit. “The lawsuit,…

Commerce minister Piyush Goyal said on Tuesday India will realise by 2030 a lofty services export target of $1 trillion, nearly five times of what it exported last fiscal. For this to materialise, he said, the world’s seventh-largest…

The Reserve Bank of India (RBI) on Tuesday lifted restrictions on Diners Club International and allowed it to onboard new domestic customers. The restrictions have been lifted with immediate effect, the central bank said in a statement.…

Paytm’s Rs 18,300-crore IPO was subscribed 48 per cent on Tuesday, with one more day to go for bidding to close for India’s largest public issue to date. The initial public offering of Paytm’s parent company One97 Communications Ltd…

Even by the standards of Elon Musk — who said in 2019 his Twitter feed had pretty much descended into nonsense — last weekend’s poll on whether he should sell 10% of his Tesla Inc. stock was outlandish. After a clear majority (58%) of…

Homegrown auto major Mahindra & Mahindra (M&M) on Tuesday reported an over eight-fold increase in its standalone profit after tax (PAT) at Rs 1,432 crore for the second quarter ended September 30, 2021, riding on the back of robust…

New Delhi, Nov 9 (UNI) The Reserve Bank of India (RBI) on Tuesday removed restrictions imposed on Diners Club International with regards to on-boarding of fresh domestic customers with immediate effect. The central bank said that the…

Ahmedabad, Nov 9 (UNI) Adani Green Energy Ltd (AGEL) will invest USD 20 billion in renewable energy development over the next decade and develop two Gigawatt per year solar manufacturing capacity by financial year 2022-23, an official…

Amid supply chain disruptions triggered by the pandemic, the online grocery segment has forged a new sub-vertical — Quick Commerce, or q-commerce — where the promise of deliveries within 10-30 minutes of ordering is the unique selling…

Reliance Industries Ltd (RIL) has completely exited from the upstream oil and shale gas business in the US. Reliance Eagleford Upstream Holding, LP, a wholly owned step-down subsidiary of RIL, has signed an agreement with Ensign…